Commerzbank Aktiengesellschaft FI Has $8.97 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Commerzbank Aktiengesellschaft FI raised its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 32.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,840 shares of the entertainment giant's stock after acquiring an additional 22,349 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Walt Disney were worth $8,966,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Waterloo Capital L.P. lifted its stake in Walt Disney by 3.2% during the fourth quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock valued at $349,000 after buying an additional 97 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Walt Disney by 0.4% during the fourth quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant's stock valued at $2,523,000 after buying an additional 98 shares in the last quarter. Acorns Advisers LLC lifted its stake in Walt Disney by 2.6% during the fourth quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock valued at $426,000 after buying an additional 98 shares in the last quarter. Allegheny Financial Group lifted its stake in Walt Disney by 2.3% during the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock valued at $515,000 after buying an additional 106 shares in the last quarter. Finally, 1620 Investment Advisors Inc. lifted its stake in Walt Disney by 1.8% during the fourth quarter. 1620 Investment Advisors Inc. now owns 6,236 shares of the entertainment giant's stock valued at $694,000 after buying an additional 108 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS traded down $0.85 during mid-day trading on Friday, hitting $121.36. The company's stock had a trading volume of 9,472,100 shares, compared to its average volume of 9,995,558. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The firm has a market capitalization of $218.17 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 1.75 and a beta of 1.56. The stock's 50-day moving average is $116.69 and its two-hundred day moving average is $106.94.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $1.21 earnings per share. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on DIS. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Loop Capital upped their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Rosenblatt Securities upped their target price on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Morgan Stanley upped their target price on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and upped their target price for the company from $100.00 to $144.00 in a report on Monday, June 30th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $128.13.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.